Beck Bode LLC Invests $11.74 Million in Marriott International, Inc. (NASDAQ:MAR)

Beck Bode LLC bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 52,071 shares of the company’s stock, valued at approximately $11,743,000. Marriott International accounts for about 2.6% of Beck Bode LLC’s investment portfolio, making the stock its 5th biggest position.

A number of other institutional investors also recently modified their holdings of the company. Valeo Financial Advisors LLC raised its position in Marriott International by 34.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 1,602 shares of the company’s stock valued at $315,000 after buying an additional 410 shares during the last quarter. Golden State Equity Partners purchased a new stake in Marriott International in the 3rd quarter valued at $207,000. PDS Planning Inc purchased a new stake in Marriott International in the 3rd quarter valued at $230,000. Accurate Wealth Management LLC raised its position in Marriott International by 7.8% in the 3rd quarter. Accurate Wealth Management LLC now owns 4,077 shares of the company’s stock valued at $805,000 after buying an additional 295 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Marriott International in the 3rd quarter valued at $1,613,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAR has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. BMO Capital Markets upped their price objective on Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Barclays upped their price objective on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Robert W. Baird reduced their price objective on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Finally, Truist Financial upped their price objective on Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $236.69.

Marriott International Stock Performance

NASDAQ MAR traded down $4.36 during trading hours on Tuesday, hitting $236.13. The company had a trading volume of 1,861,979 shares, compared to its average volume of 1,447,560. Marriott International, Inc. has a 52 week low of $165.13 and a 52 week high of $260.57. The firm has a 50 day simple moving average of $248.20 and a 200 day simple moving average of $228.04. The firm has a market capitalization of $68.23 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 5.37 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, topping the consensus estimate of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the company earned $1.96 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, research analysts forecast that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were issued a $0.52 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.88%. Marriott International’s payout ratio is currently 20.41%.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider Satyajit Anand sold 2,749 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $251.93, for a total value of $692,555.57. Following the sale, the insider now owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Marriott International news, insider Satyajit Anand sold 2,749 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $251.93, for a total value of $692,555.57. Following the sale, the insider now owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the transaction, the director now directly owns 72 shares in the company, valued at $18,085.68. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock valued at $30,435,493 in the last 90 days. Corporate insiders own 10.07% of the company’s stock.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.